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Dangote To Open $41 Million Cement Factory In Liberia - Business - Nairaland

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Dangote To Open $41 Million Cement Factory In Liberia by BrandSpurNG: 1:58pm On Jan 10
Billionaire industrialist Aliko Dangote has expanded his empire to Liberia, as Dangote Cement Liberia Limited has signed an agreement with the country’s Senate to invest in its cement industry.

Terms of the Agreement

$41 million is expected to be invested by Dangote Cement in Liberia over the next ten years. The company will also be expected to maintain the roads leading to its terminals. The agreement will, however, be subject to review once in five years.

How Both Sides Benefit

For Liberia, the agreement brings in much needed foreign direct investment. In addition to recovering from a civil war, the Liberian economy recently suffered a setback from the Ebola crisis. The host community for the factory also stands to benefit from the company’s Corporate Social Responsibility (CSR) programmes.

Expanding into Liberia also raises Dangote’s production capacity drawing it closer to its aim of being the biggest cement producer in Africa. Dangote cement currently produces about 40 million tonnes of cement per annum.

About Dangote Cement

Dangote Cement Plc was incorporated as a public limited liability company on 4th November 1992 and commenced operations in January 2007 under the name Obajana Cement Plc. The company was listed on the Nigerian Stock Exchange (NSE) on the 26th of October, 2010. Principal activities of the company are the preparation, manufacture, and distribution of cement and cement-related products.

Dangote cement closed at N234 in yesterday’s trading session on the NSE. Year to date, the stock is up 37.94%. For the 9 months ended September 2017, revenue went up from N442 billion in 2016 to N603 billion in 2017. Profit before tax also increased from N148 billion in 2016 to N220 billion in 2017. Profit after tax also increased from N133 billion in 2016 to N193 billion in 2017. Earnings per share also increased from N8.13 in 2016 to N11.30 in 2017.

The company has recently been embroiled in a tussle with BUA Cement over the control of the Abu mines located in Okpella, Edo State.

SOURCE: https://brandspurng.com/dangote-to-open-41-million-cement-factory-in-liberia/

5 Likes 3 Shares

Re: Dangote To Open $41 Million Cement Factory In Liberia by LionDeLeo: 2:00pm On Jan 10
Hmmm.

Neither this man nor his kinsmen make noise about his position.

Some organisms without a quarter of what he is are almost breaking their rusty chests with beating.

God bless the dangotes.

22 Likes 2 Shares

Re: Dangote To Open $41 Million Cement Factory In Liberia by Nobody: 2:06pm On Jan 10
Dangote : Everywhere you go

NOT

11 Likes

Re: Dangote To Open $41 Million Cement Factory In Liberia by binsanni(m): 4:01pm On Jan 10
hmmmm nice one man

1 Like

Re: Dangote To Open $41 Million Cement Factory In Liberia by ibori1(m): 4:02pm On Jan 10
undecided
Re: Dangote To Open $41 Million Cement Factory In Liberia by Fmartin(m): 4:04pm On Jan 10
Re: Dangote To Open $41 Million Cement Factory In Liberia by slimthugchimee(m): 4:04pm On Jan 10
Let him come open in the east
Re: Dangote To Open $41 Million Cement Factory In Liberia by onihaxxy: 4:04pm On Jan 10
nice one
Re: Dangote To Open $41 Million Cement Factory In Liberia by lakesider(m): 4:06pm On Jan 10
slimthugchimee:
Let him come open in the east

Like you sell lands to non -indigenes

27 Likes

Re: Dangote To Open $41 Million Cement Factory In Liberia by jaymejate(m): 4:08pm On Jan 10
Na wa ó...
Re: Dangote To Open $41 Million Cement Factory In Liberia by Ijaya123: 4:12pm On Jan 10
Where are those punks always shouting monopoly when they hear Dangote?

5 Likes 1 Share

Re: Dangote To Open $41 Million Cement Factory In Liberia by tartar9(m): 4:12pm On Jan 10
ok
Re: Dangote To Open $41 Million Cement Factory In Liberia by hmabdool(m): 4:15pm On Jan 10
slimthugchimee:
Let him come open in the east






do u ever sell land to non indigines?? gerrarahia

16 Likes 1 Share

Re: Dangote To Open $41 Million Cement Factory In Liberia by Paretomaster(m): 4:15pm On Jan 10
slimthugchimee:
Let him come open in the east

So you can burn it down... ..
Like you burn his trucks. ..

34 Likes 1 Share

Re: Dangote To Open $41 Million Cement Factory In Liberia by gabe: 4:17pm On Jan 10
Dangote..hunting monopoly everywhere you go...
Re: Dangote To Open $41 Million Cement Factory In Liberia by countryfive: 4:18pm On Jan 10
let their be a level playing field and u will see what will become of dangote group
Re: Dangote To Open $41 Million Cement Factory In Liberia by mrMeen(m): 4:22pm On Jan 10
ride on baba dangote let's go and colonize Liberia by fire by force DJ monopoly on the beat.

1 Like

Re: Dangote To Open $41 Million Cement Factory In Liberia by xjiggy: 4:27pm On Jan 10
countryfive:
let their be a level playing field and u will see what will become of dangote group
see goat.

4 Likes

Re: Dangote To Open $41 Million Cement Factory In Liberia by globatop: 4:28pm On Jan 10
Enjoying govt supports everywhere u go
Re: Dangote To Open $41 Million Cement Factory In Liberia by jobbers: 4:29pm On Jan 10
again
Re: Dangote To Open $41 Million Cement Factory In Liberia by Johncuppa(m): 4:32pm On Jan 10
When our career fathers were enjoying their salaries, Dangote was planning his future. Now, the man is bursting on every side without making noise and children of salary daddies are angry.
Monopoly ko, polytechnic ni.

6 Likes 1 Share

Re: Dangote To Open $41 Million Cement Factory In Liberia by EazyMoh(m): 4:32pm On Jan 10
Bloggers sef! Which cement company is bigger than Dangote in Africa?
In fact Dangote is second only to Lafarge globally if I am not mistaken.

3 Likes

Re: Dangote To Open $41 Million Cement Factory In Liberia by ofuonyebi: 4:38pm On Jan 10
hello moneyman, dangote!...this is the most stupid way to show off wealth..

your people in the north and the rest of Nigeria is suffering for lack of employment and cement is becoming costly than an eye

yet you are going to russia, france, germany,east africa & now west africa building cement 7 refinery companies?

if you decide to build all these show off companies in all the 36-states in Nigeria, do you think that will remove your name from

the riches man in africa or one of the richest in the world?...No wonder..US Donald Trump said it is a shame that nigeria is borrowing

money that only one of them can loan to the country...shame...what does it cost a dangote to gain the whole world?...think about this..
Re: Dangote To Open $41 Million Cement Factory In Liberia by plethoral: 4:38pm On Jan 10
[quote In fact Dangote is second only to Lafarge globally if I am not mistaken. [/quote]
You are very wrong sir/ma
Re: Dangote To Open $41 Million Cement Factory In Liberia by EDUECO(m): 4:47pm On Jan 10
My mentor!
The Story of O J!!
Business is all about simple and compound interest(Stock Market Business)!!!
Re: Dangote To Open $41 Million Cement Factory In Liberia by WinningSun: 4:55pm On Jan 10
slimthugchimee:
Let him come open in the east

so that your brothers can burn it.

2 Likes

Re: Dangote To Open $41 Million Cement Factory In Liberia by Bari22(m): 4:59pm On Jan 10
Hausa is Conquering Africa

1 Like

Re: Dangote To Open $41 Million Cement Factory In Liberia by myboy2111: 5:02pm On Jan 10
Paretomaster:


So you can burn it down... ..
Like you burn his trucks. ..

Re: Dangote To Open $41 Million Cement Factory In Liberia by PMWSpirit(m): 5:03pm On Jan 10
ofuonyebi:

hello moneyman, dangote!...this is the most stupid way to show off wealth..

your people in the north and the rest of Nigeria is suffering for lack of employment and cement is becoming costly than an eye

yet you are going to russia, france, germany,east africa & now west africa building cement 7 refinery companies?

if you decide to build all these show off companies in all the 36-states in Nigeria, do you think that will remove your name from

the riches man in africa or one of the richest in the world?...No wonder..US Donald Trump said it is a shame that nigeria is borrowing

money that only one of them can loan to the country...shame...what does it cost a dangote to gain the whole world?...think about this..
your brain is inversely proportional to the height of NEPA pole

6 Likes

Re: Dangote To Open $41 Million Cement Factory In Liberia by olatade(m): 5:24pm On Jan 10
Dangote for president cool

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